Chapter 15 - Price Levels And The Exchange Rate In The Long Run

40 Questions  I  By Morganeci on December 13, 2012

  
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1.  In practice,
A.
B.
C.
D.
E.
2.  Under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
3.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
4.  Which of the following statements is the most accurate? In general,
A.
B.
C.
D.
E.
5.  Which of the following statements is the most accurate? In general, under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
6.  Who among the following list of people is an early 20th century economist from Yale University who wrote the book The Theory of Interest?
A.
B.
C.
D.
E.
7.  An increase in the world relative demand for U.S. output causes
A.
B.
C.
D.
E.
8.  Under Purchasing Power Parity,
A.
B.
C.
D.
E.
9.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
10.  In the short run,
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B.
C.
D.
E.
11.  Under a flexible-price monetary approach to the exchange rate,
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B.
C.
D.
E.
12.  The difference between nominal and real interest rates is that
A.
B.
C.
D.
E.
13.  Which of the following statements is the most accurate about the Law of One Price on Scandinavian ferry lines?
A.
B.
C.
D.
E.
14.  Under Purchasing Power Parity,
A.
B.
C.
D.
E.
15.  Interest rate differences between countries depend on
A.
B.
C.
D.
E.
16.  Which of the following statements is the most accurate? In general, under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
17.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
18.  When all variables start out at their long-run levels, the most important determinant of long-run swings is nominal exchange rates is
A.
B.
C.
D.
E.
19.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
20.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
21.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
22.  In the long run
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B.
C.
D.
E.
23.  Under sticky prices,
A.
B.
C.
D.
E.
24.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
25.  The monetary approach makes the general prediction that
A.
B.
C.
D.
E.
26.  Which of the following statements is most accurate?
A.
B.
C.
D.
E.
27.  In order for the condition E$/HK$ = Pus/PHK to hold, what assumptions does the principle of purchasing power parity make?
A.
B.
C.
D.
E.
28.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
29.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
30.  Under the monetary approach to the exchange rate,
A.
B.
C.
D.
E.
31.  Under the monetary approach to the exchange rate theory, money supply growth at a constant rate
A.
B.
C.
D.
E.
32.  The expected real interest rate (re) in terms of the nominal interest rate (R) and the expected inflation rate (πe) is given by
A.
B.
C.
D.
E.
33.  When the domestic money prices of goods are held constant
A.
B.
C.
D.
E.
34.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
35.  Under sticky prices,
A.
B.
C.
D.
E.
36.  Which of the following statements is the most accurate? The law of one price states:
A.
B.
C.
D.
E.
37.  If people expect relative PPP to hold,
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B.
C.
D.
E.
38.  The expected rate of change in the nominal dollar/euro exchange rate is best described as
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B.
C.
D.
E.
39.  Which of the following statements is the most accurate?
A.
B.
C.
D.
E.
40.  Under PPP (and by the Fisher Effect), all else equal,
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B.
C.
D.
E.
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